MORE than 1.3 million households are facing the cost-of-living crisis with no savings to fall back on, análise mostra.
E 400,000 say they need relatives and friends to help them meet an unexpected bill.
Half of families have savings equivalent to less than a month’s income.
And there is a sharp divide between rich and poor — with the least well-off four times as likely to have no savings.
The figures are from an annual wealth audit by the Resolution Foundation with the Financial Fairness Trust.
Individuals with bill or loan arrears are also more than twice as likely to report high levels of anxiety than those without arrears, the think-tank said.
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Molly Broome, economist at the Resolution Foundation, disse: “Britain’s huge wealth divides mean that around 1.3 million families – particularly those on low incomes – entered the pandemia without any savings.
“With many of those families unable to save during lockdowns, they are now approaching the biggest cost-of-living crisis in a generation with no financial buffer.
“Families with no savings are hugely reliant on friends and family to cope with unexpected expenses.
“Contudo, there’s no guarantee that they’ll be in a position to provide support, como surging energy bills affect almost all households during the difficult winter to come.”
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enquanto isso, the Joseph Rowntree Foundation has found low income families will hand over 26% of their income after housing costs in 2023/24 to pay for gas and electricity – compared to just 12% two years previously.
UMA Government porta-voz disse: “We understand that people are struggling with rising prices which is why we have acted to protect the eight million most vulnerable British families through at least £1,200 of direct payments this year with additional support for pensioners and those claiming disability benefits.”